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Volkswagen Passat CC Lease Questions

673 messages,  Last post on Jun 04, 2013 at 2:42 PM

You are in the Volkswagen Passat Forum.

What is this discussion about? Volkswagen Passat CC, Car Buying, Car Leasing, Sedan

Messages Page 2 of 68

#6 of 673 Re: Moved lease question [kaysid] by Car_man HOST

Dec 15, 2008 (4:02 am)

Replying to: kaysid (Nov 22, 2008 8:51 am)
Hi kaysid. Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2009 CC 2.0T Sport with 12,000 miles per year are .00249 and 58%, respectively. Unfortunately, I don't believe that Volkswagen is currently providing any cash incentives on the CC in the Northeastern U.S....at least none that I am aware of.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#7 of 673 Re: Lease question [allex] by Car_man HOST

Dec 15, 2008 (4:46 am)

Replying to: allex (Dec 05, 2008 8:51 am)
Hi allex. What you heard isn't exactly true. While yes, technically you could get out of your current lease and into a new one right now if you really wanted to, it would likely be extremely expensive to do so fifteen months before its scheduled end date.
 
In order to do so, you need to purchase the vehicle that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.
  
You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: sysop, "Real-World Trade-In Values" #, 14 Dec 2000 10:07 pm. Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#8 of 673 Re: December MF [goodrics] by Car_man HOST

Dec 15, 2008 (4:48 am)

Replying to: goodrics (Dec 12, 2008 7:11 am)
Hi kaysid. Volkswagen Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2009 CC 2.0T Sport with 15,000 miles per year are .00249 and 56%, respectively. The numbers for an otherwise identical 24 month lease are .00249 and 63%.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#9 of 673 Re: Lease question by bvdj84

Dec 15, 2008 (8:45 am)

Replying to: Car_man (Dec 15, 2008 4:46 am)
you must look at your pay off versus you trade in value, also consider that the dealer will give you a slightly lower number for a trade too, that seems to be the norm, even for my Accord I had. If that number in difference is low enough or perhaps equal(if your lucky) I think it would be fine.
 
I think with being 15 months away from the lease end date, you will be fine, if you want to trade out.
 
From my experience.....
I have leased 3 cars, and have always traded them in early, and have only suffered very minimal negative equity, so small, that is was only $10 or so more on my payment. I only had my Accord 2 years, no problems, this car only had a little negative value on it, because I was a little over my mileage, it was literally $10 more added to my new lease, traded a VW Jetta, no problems, I have an 08 Jetta now. I trade early all the time. If trade my 08 Jetta now, of course I am going to have extreme negative equity. Trade a new GM car, WOW!!, don't go there.
It can only work with cars that already hold their value well.No GM car will do this. Sorry GM.
 
It is not advised not to do this. Because, if you are not educated about leasing, people often take the negative equity from a previous lease and roll into a new lease, they repeat this process over and over. Before you know it you have a Honda civic with a car payment of $800 a month...lol
 But, usually there is a time in a lease where you can trade out with minimal problems. But, your mileage has to be reasonable and on track with the lease, like new conditions, it only works in the best case scenario. I keep my cars like new, so that may be a factor.
 
Also, look for incentives to help with that trade too! VW usually offers deals very often.

#10 of 673 January MFs and Residuals by kaysid

Jan 11, 2009 (2:56 pm)

Hi Car man, Belated New Year Greetings..
 
I believe the lease numbers have changed on the CC, since their advertised special
for a 2.0T auto went from 2699 down & 359 a month to 2499 down and 329 a month (this was based on MSRP with some dealer contribution and pre-tax).
Can you please tell me what the Money Factor and residual is for the 2.0T Sport (Manual) based on 12k/36 months so I can work out some numbers based on selling prices I will be negotiating hopefully this month...(My final choice is between this car and the Acura TSX 6speed manual so you might see some comments from me on that thread also..but that is alot more active. )

#11 of 673 Re: January MFs and Residuals [kaysid] by Car_man HOST

Jan 12, 2009 (4:34 am)

Replying to: kaysid (Jan 11, 2009 2:56 pm)
Thanks kaysid. Here's the latest info for you. VW Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2009 CC 2.0T Sport with a manual transmission and 12,000 miles per year are .00124 and 55%, respectively.
 
Good luck in your quest for a new CC and make sure to stop back to let us all know how everything turns out.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#12 of 673 CC Deals by blottzspottz

Jan 13, 2009 (7:41 am)

Here are some of the offers I've received. Let me know what you guys think.
 
1. On a 2009 CC Sport in Manual Transmission:
 
For 36 months 12,000 miles a year with $1,700 down, your payment is $380.69 a month. The money factor for this model is .00124 and the residual is 55%.
 
2. 2009 Passat CC Stock # V90306 MSRP $27,855 Months 36 miles Per Year 12,000 Initial Investment $1,700 Monthly $395
 
3. 36 Months 12,000 miles a year, $1700 total due out of pocket $364.89. Money Factor .00139 Residual $15,320.25
 
4.

#13 of 673 is this a good lease? by saabgrrl

Jan 13, 2009 (4:21 pm)

Can you please tell me if this sounds like a good lease for a Passat CC sport, manual transmission:
 
price: 25, 255
24 mos, 12K per year
Money factor is .00144
62% res value
 
This works out to 350 a month, with the downpayment. I know those numbers are not relevant.
 
Thanks so much in advance for the feedback! These forums are so great.

#14 of 673 Re: CC Deals [blottzspottz] by kaysid

Jan 13, 2009 (9:32 pm)

Replying to: blottzspottz (Jan 13, 2009 7:41 am)
You need to know the selling price of the car and then base the cap cost on that minus any down payments you make. Just working backwards from the numbers you've given it looks like you paying sticker for the car. IF the deal was around invoice pricing, with $1700 down you would be looking at a figure around $300 + tax. Also not sure if you were including tax in your payment, Hope that helps.

#15 of 673 by saabgrrl

Jan 14, 2009 (6:38 am)

Thank you! I found the invoice price as 24 965, and then of course the car the dealer found had some silly extra that I didn't want, but still I found 25,255 less than the sticker price of 26 790. Is my information wrong?

Messages Page 2 of 68

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